Sell on a level breakthrough of 135.90 with 134.90 target. Stop loss = 136.40.
Reason for the trading strategy
In July, the unemployment rate in Germany was 6.4%, as expected. However, in July, the number of unemployed in Germany increased by 9 thousand, and the June value was revised upwards from -1 thousand to +1 thousand. The data are moderately negative for the euro cross rates.
To read more of our daily analysis visit http://ift.tt/1IFlkC8
Reason for the trading strategy
In July, the unemployment rate in Germany was 6.4%, as expected. However, in July, the number of unemployed in Germany increased by 9 thousand, and the June value was revised upwards from -1 thousand to +1 thousand. The data are moderately negative for the euro cross rates.
To read more of our daily analysis visit http://ift.tt/1IFlkC8
EURJPY: consolidation after the publication of the unemployment rate in Germany
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